Trans Media intends to refinance US$350 million of existing debt to Citi, Standard Chartared Bank, Credit Suisse, and ING Bank which had been used to acquire 40% shareholding in Carrefour Indonesia last year.

About US$100 million will be used by Trans Media to support capital expenditure and general purposes.

The company also plans to establish a new complex of integrated television studio at 60 hectares of land area.

"In the future, television industry will enroll the digital market. In a bid to tap the new market, we prepare with the establishment of television studio," said Trans Media CEO and Chairman Chairul Tanjung.